Employee Benefit Plans represent a large financial obligation to companies and its employees. This coupled with the fact that it is very important coverage that employees rely on, alongside government sponsored programs, it is equally important to have the right plan in place as it is to deal with a broker who specializes in benefit plans.

There are many financial advisors or insurance agents who claim to offer group benefit packages to their clients although in many circumstance, these advisors do not specialize in the benefits marketplace. This typically leads to the lack of proper education and recommendations for clients.

Also, at renewal time every year, if you are dealing with an agent who does not specialize in benefits, it is highly likely that you are paying too much in premium to the insurance company year over year as these agents are not properly equipped to negotiate what the proper premiums being charged by the insurance companies should be.

Benefit Plans can include:

1. Life Insurance

2. Accidental Death & Accidental Dismemberment

3. Dependent Life Insurance

4. Short-Term Disability Insurance

5. Long Term Disability Insurance

6. Drug Coverage

7. Extended Health Coverage

8. Dental Coverage

9. Health Care Spending Accounts

10. Flex Benefits

11. Employee Assistance Plans

12. Cost Plus

13. Critical Illness Coverage

Every employer has unique needs and unique objectives. Our objective is to find creative solutions to these needs with the most cost effective strategy. As brokers, we have access to all insurance companies to find our clients the best possible solutions.

Our services include:

• Needs analysis

• Continual plan design recommendations

• Examination of funding arrangements (self-insured or ASO, stop loss coverage, fully insured, or a combination)

• Plan implementation

• Administrative & claims support

• Renewal Analysis & plan marketing to ensure competitiveness

• Continual education to our clients on all cost containment options available (deductibles, co-insurance levels, maximums, funding arrangements, drug formulary options, plan design alternatives)

Many employers are noticing that their benefits cost are increasing significantly year over year as government sponsored plans continue to download costs previously covered to private employer sponsored plans. Without the proper cost containment features in place, your plan is in jeopardy of escalating premiums year over year.

A major growing trend in the cost containment of employee benefit plans is the use of health care spending accounts, Administrative Services Only plans (ASO), and/or a combination of the two.

For more information please contact: info@lifeinsuranceadviser.com